Following Friday's plunge after OPEC "held" steady, confirming the strategy of crushing U.S. Shale is here to stay, WTI Crude has continued its carnage and is back to a $38 handle.
Following Friday's plunge after OPEC "held" steady, confirming the strategy of crushing U.S. Shale is here to stay, WTI Crude has continued its carnage and is back to a $38 handle for the first time since the August-month-end meltup... very close once again to cycle lows.
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Testing cycle lows...
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Charts: Bloomberg
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